110% Loan to Cost Business Acquisition Loan Closed

513 Capital, a Cincinnati based finance intermediary, is pleased to announce the closing of a $550,000 acquisition loan closed for a local Bookkeeping business. The loan supported the acquisition of the bookkeeping business and the office property owned by the seller with total sales price of $495,000. The loan featured a 16 year fully amortizing term with additional money for working capital.

513 Capital was able to arrange the financing for a growing bookkeeping and accounting business that was looking to expand. Since this was an expansion of a business, the SBA 7a loan product is a powerful resource to support such endeavors. The full transaction took less than 60 days to complete.

513 Capital specializes in bank, SBA, CMBS, and private commercial real estate funding.

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